Electric LSVs promise prices around $15,000, far below the average new vehicle. Fiat and Chip see demand for small neighborhood runabouts in places such as Miami. Yet 25-mph vehicles cannot replace the highway-capable cars most Americans actually need. Americans are understandably tired of hearing why a new vehicle now costs the better part of $50,000. Automakers did not totally invent the country’s appetite for SUVs and pickups. But there’s no doubt that they have spent decades feeding it, moving buyers into bigger, plusher, and far more profitable machines. Their newest answer to affordability may be a $15,000 electric low-speed vehicle. In other words, when America asks for a cheaper car,…
Automakers’ Answer To $50K Cars Is A $15,000 Golf Cart, And They’re Serious
